761 DUNDAS STREET
London East, Ontario, N5W2Z4
For Sale | $2,500,000 | 10 beds | 8 baths
Key facts
- Property type: Multi-family
- Structure: Other
- Transaction: For Sale
- Price: $2,500,000
- Bedrooms: 10
- Bathrooms: 8
- Lot size: 37.8 x 144.3 FT ; 144.20 ft x 37.53 ft x 144.33 ft x 34.61
- Parking: 4
- Listing key: 29697176
Listing overview
Exceptional mixed use investment opportunity at 755-761 Dundas Street. This established income property features 7 residential units and 4 commercial units generating a total gross annual income of class="container" id="details-container"92,030. Current monthly rents total class="container" id="details-container"6,002.51 ($8537.51 residential/ $7429 commercial) Annual operating expenses of approximately $33,397 (property tax, insurance, hydro, gas) Produce a net operating income of class="container" id="details-container"58,633. Listed at a 6.35% Cap rate at an asking price of $2,500,000. All commercial leases include HST. Residential tenants are month to month or long term. Strong diverse tenant mix with minimal vacancy. Stable cash flow in place from day one. (id:25314)
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